{"id":1912,"date":"2021-12-22T06:39:06","date_gmt":"2021-12-22T06:39:06","guid":{"rendered":"https:\/\/rvkassociates.com\/blog\/?p=1912"},"modified":"2021-12-22T06:39:09","modified_gmt":"2021-12-22T06:39:09","slug":"portfolio-management-services-for-accredited-investors","status":"publish","type":"post","link":"https:\/\/rvks.in\/blogs\/portfolio-management-services-for-accredited-investors\/","title":{"rendered":"Portfolio Management Services for Accredited Investors"},"content":{"rendered":"\n

December 21, 2021<\/p>\n\n\n\n

To,<\/p>\n\n\n\n


All Portfolio Managers<\/p>\n\n\n\n

Dear Sir \/ Madam,<\/p>\n\n\n\n

  1. 1. The amendment to SEBI (Portfolio Managers) Regulations, 2020 (\u201cPMS Regulations\u201d) notified on August 03, 2021 (available at link), read with the Circular dated August 26, 2021 inter-alia introduced the concept\/framework of \u201caccredited investor\u201d and \u201clarge value accredited investor\u201d in PMS Regulations.<\/li><\/ol>\n\n\n\n

    2. It is hereby clarified that \u201caccredited investor\u201d shall have the same meaning as assigned to it under clause (ab) of sub-regulation (1) of regulation 2 of the SEBI (Alternative Investment Funds) Regulations, 2012.<\/p>\n\n\n\n

    3. Para 3(iv) of the SEBI Circular No. SEBI\/HO\/IMD\/DF1\/CIR\/P\/2020\/26 dated February 13, 2020 (\u201cCircular\u201d), inter-alia, specifies the quantum and manner of exit load applicable to the client. It has been decided that in case of large value accredited investors, the quantum and manner of exit load applicable to the client of the Portfolio Manager shall be governed through bilaterally negotiated contractual terms and the provisions of para 3 (iv) of the Circular shall not be applicable. The other provisions of the Circular shall remain unchanged.<\/p>\n\n\n\n

    4. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 43 of the SEBI (Portfolio Managers) Regulations, 2020, to protect the interests of investors in securities market and to promote the development of, and to regulate the securities market.<\/p>\n\n\n\n

    5. The circular is available on SEBI website at www.sebi.gov.in under the categories \u201cInfo for \u2013 Portfolio Managers\u201d and “Legal framework – Circulars”.<\/p>\n\n\n\n

    Yours faithfully,<\/p>\n\n\n\n


    Manaswini Mahapatra
    General Manager<\/strong><\/p>\n\n\n\n

    For full detail click the link below :<\/strong><\/p>\n\n\n\n

    https:\/\/www.dropbox.com\/s\/okcbdwjpy2ls0ek\/Portfolio%20Management%20Services%20for%20Accredited%20Investors.pdf?dl=0<\/a><\/p>\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    December 21, 2021 To, All Portfolio Managers Dear Sir \/ Madam, 1. The amendment to SEBI (Portfolio Managers) Regulations, 2020 (\u201cPMS Regulations\u201d) notified on August 03, 2021 (available at link), read with the Circular dated August 26, 2021 inter-alia introduced the concept\/framework of \u201caccredited investor\u201d and \u201clarge value accredited investor\u201d in PMS Regulations. 2. It […]<\/p>\n","protected":false},"author":1,"featured_media":1787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,85],"tags":[88],"class_list":["post-1912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-circulars","category-sebi","tag-sebi"],"_links":{"self":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/comments?post=1912"}],"version-history":[{"count":1,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1912\/revisions"}],"predecessor-version":[{"id":1913,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/posts\/1912\/revisions\/1913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media\/1787"}],"wp:attachment":[{"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/media?parent=1912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/categories?post=1912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rvks.in\/blogs\/wp-json\/wp\/v2\/tags?post=1912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}